Poland GTC signs power purchase agreement
ESGschedule 27 January 2026
GTTC has an office portfolio in Poland of 16 buildings
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GTC has signed a three-year power purchase agreement (PPA) with Ekovoltis, due to which all of the company's office buildings and shopping centres in Poland are to be powered by electricity, mostly sourced directly from renewable energy suppliers, including solar and wind farms.
Westbridge advised on the transaction.
Under the agreement, GTC will receive an agreed allocation of electricity over a specified period from a specified source. The deal stipulates that the power will be 62 pct renewable, sourced directly from its suppliers (including solar and wind farms). The remaining electricity will be purchased offset, with a guarantee of origin, on the Polish Power Exchange.
Energy is one of the dominant cost items faced by tenants and owners of commercial buildings.
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